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Video Blog: SAP Simple Finance 1503 - Accounting and controlling step closer together

In this recording from Controlling 2015, Janet Salmon, Chief Product Owner for Management Accounting at SAP AG presented "SAP Simple Finance 1503- Accounting and controlling step closer together". In this session Janet introduced the latest challenges to accounting and controlling in SAP Simple Finance 1503. SAP is in the process of reinventing SAP Financials using SAP HANA to enable new programming paradigms and SAP Fiori to provide a new user interface.

 

Learn more about Janet's sessions at the Controlling 2019 conference.

 

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Thoughts on the Controlling 2015 Conference from John Pringle, SAP FICO Competency Group Lead with Illumiti

b2ap3_thumbnail_John-Pringle-Resized.jpgI just got home from Controlling 2015 and am already missing the sunny California weather.  This was the second year for me at the conference and the first year for presenting.  I think I underestimated the amount of time and work involved in pulling the presentations together, but overall it was a great experience and I would encourage anyone who is interested to give it a try.

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Cost Flow Excel Worksheet

The Cost Flow Excel worksheet from yesterday’s “Filling in the Gaps FICO Account Posting” session is now available for download (download it now here CostFlow.xlsx). Thanks for your attendance and great questions!”


I hope that this session enabled you to better understand when, and how, values post to Financial Accounting and Management Accounting. 

 

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Guest — sri
Nice presentation. But the attached excel file doesn't contain the actual formula work sheet. It has got only information sheet. W... Read More
Saturday, 07 October 2017 00:52
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Enhancement Pack 4 Functionality for Outsource Manufacturing or Subcontracting Operations

Ross Christoph ResizedWith Enhancement Pack 4 SAP provided additional functionality for processing Outsource Manufacturing or Subcontracting operations.

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Closing the Wide Gap Between Accounting and the Marketing/Sales Function

Gary Cokins ResizedI look forward to presenting at the Controlling 2015 conference September 21-24 in San Diego. I am passionate about management accounting. My belief is there is much opportunity for accountants to improve the quality of information they provide to internal users to support better decision making.

 

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SAP Simple Finance 1503 - FAQ's

On Thursday, June 11, 2015 members of the SAP Controlling Community gathered for a webinar presented by Janet Salmon on the latest changes to accounting and controlling in SAP Simple Finance 1503. The webinar was a a sneak peek of Janet's Controlling 2015 plenary session. The webinar Explored how changes in SAP Simple Finance will affect SAP Controlling including how accounts and cost elements will merge, what you can expect to see in Reporting and Planning, and how account-based CO-PA has been enhanced to provide better Profitability Reporting. Keep reading for a list of frequently asked questions that came up during the course of the webinar on SAP Simple Finance 1503.

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Thanks for sharing great information in your blog. Got to learn new things from your Blog . It was very nice blog to learn about S... Read More
Friday, 26 February 2016 07:51
Guest — sravani
Vey very nice blog!! Hi there,I enjoy reading through your article post, I wanted to write a little comment to support you and wis... Read More
Saturday, 27 February 2016 07:09
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Thanks for a great information in your blog. I have read all the post of your blog. Great work on sap sf training in chennai... Read More
Friday, 04 March 2016 12:06
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Introduction to SAP Material Ledger - Excerpt from Things You Should Know About Controlling with SAP (2nd Edition)

Excerpt from 100 Things You Should Know About Controlling with SAP (2nd Edition) by John Jordan:

With the material ledger, you can carry inventory in up to two additional valuations and at actual costs, described as follows:


Carry material prices in multiple currencies and valuations

Material inventory values are normally carried in only company code currency. The material ledger enables the system to carry inventory values in two additional currencies/valuations. This is achieved by updating all goods movements in the material ledger in up to three currencies or valuations. Currency amounts are translated into foreign currencies at historical exchange rates directly at the time of posting. 

Value inventory at actual costs

Actual costing valuates all goods movements within a period at the standard price (preliminary valuation). All price and exchange rate differences for the material are collected in the material ledger.

At the end of the period, an actual price is calculated for each material based on the actual costs of the period. This actual price is called the periodic unit price and can be used to revaluate the inventory for the period to be closed. You can use this actual price as the standard price for the next period.

Actual costing determines what portion of the variance is to be debited to the next-highest level using material consumption. The actual bill of materials enables variances to be rolled up over multiple production levels all the way to the finished product. You can choose to have cost center variances also taken into account. 

This category of tips describes how multiple valuations and actual costing work, and the material ledger period-end closing process. It also describes the implementation steps needed during production startup. The actual cost component split and deactivating the material ledger are also explained. 

Keep reading in Things You Should Know About Controlling with SAP (2nd Edition)Use coupon code CTLSP10 for 10% off on www.sap-press.com.

 

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SAP Accounting powered by SAP HANA – Moving controlling and finance closer together - Part III

New users have traditionally struggled to understand the way SAP separates Financial Accounting and Management Accounting where most legacy systems see the two as one. While it’s easy enough to understand how a payroll account flows from the profit and loss statement into cost center accounting because the account information stays the same, the situation becomes more challenging as a revenue account flows into profitability analysis and is transformed into a value field, or a cost of goods sold account becomes multiple value fields depending on the cost components involved. In its latest product release, SAP is bringing the two worlds closer together.

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Dive into SAP FI/CO with popular speaker Paul Ovigele at Controlling 2015


Paul Ovigele Controlling 2015Popular SAP Controlling speaker Paul Ovigele will present several sessions at Controlling 2015. Based on feedback from Controlling 2014, Paul has developed sessions on the topics attendees want to learn more about. Paul will present sessions on:

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Five Expert Tips and Tricks for SAP Controlling and Financials Webinar Recording and Slides


Paul Ovigele Controlling 2015On Friday, March 13 Paul Ovigele presented a webinar on Five Expert Tips and Tricks for SAP Controlling and Financials. 

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Guest — SAPHybrisonlineTraining
Best information and thanks for sharig
Wednesday, 26 October 2016 06:36
Guest — Neel Jaiswal
Thank you for sharing tips and tricks for SAP controlling. You can also enroll yourself in an institute for SAP course in Delhihtt... Read More
Thursday, 12 October 2017 10:52
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Controlling 2015 Speaker Profile: Marjorie Wright of SimplyFI-CO, LLC

Marjorie Wright Controlling 2015 SpeakerToday, we are profiling Controlling 2015 speaker Marjorie Wright. Marjorie Wright is the founder of SimplyFI-CO, LLC: a boutique SAP training consulting company. She is an accomplished subject matter expert in SAP ERP business process and customizing and is a highly respected education consultant in the components of Financial Accounting, Management Accounting, and Financial Supply Chain Management. 

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Video Blog: Enhancement Packages 5 & 6 – Where to find the business functions that matter for Controllers


b2ap3_thumbnail_IMG_3675.jpgWhen SAP introduced the concept of enhancement packages and packaged functionality in business functions, administrators were relieved that they would not have to test everything when they upgraded. However, it made some business functions difficult to locate.

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Guest — lata
Thanks for sharing and it was very informative..I need more tips from your side..I am working in Erp Software Development Company ... Read More
Wednesday, 13 January 2016 05:55
Guest — Elanthendral
Great Article..It was very informative..I need more details from your side..include some tips..I am working in Erp Software Compan... Read More
Friday, 08 April 2016 11:09
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Free Book Excerpt: Introduction to Reconciling SAP COPA to the General Ledger


b2ap3_thumbnail_IMG_3683.jpg

You may wonder why I am writing a book on such a specific topic. I initially had similar thoughts myself and wondered if the topic of CO-PA and general ledger reconciliation necessitated a whole book. However, I have found that this topic comes up time and time again with my clients and believe that it is important to provide information in a detailed manner to help businesses effectively deal with the reconciliation of CO-PA to the general ledger.

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Book Excerpt: Introduction to Configuration from The Essential SAP Career Guide


b2ap3_thumbnail_IMG_3683.jpgOne of the major tasks for functional SAP professionals is configuration. You configure SAP to perform properly based on business requirements during the realization phase. On your first SAP project, it can be overwhelming to know where to start when configuring a module.

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